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Visa  
 
State/Territory Sponsored Business Owner 163
 

This visa is for people who have a successful business career, and have a genuine and realistic commitment to be involved as an owner in a new or existing business in Australia . This visa is also the first step towards being granted a permanent Business Skills visa.

This visa is for business owners from overseas who intend to own a business in Australia , and are less than 55 years old.

You must meet the following requirements to be eligible for this visa. You must provide evidence of each of the requirements with your application.

* Age under 55

* You must be sponsored by an appropriate regional authority of a *State or Territory Government

*You must have an overall successful business career.

* You must have an ownership interest in a main business (or two main business combined) with an an annual turnover of at least AUD$300,000 in at least two of the four fiscal years immediately before you apply.
or
You are a senior manager (as defined).

*You have sufficient assets (additional to those above) to settle in Australia .

*You (or your spouse) have never been involved in unacceptable business activities

*You must have a commitment to maintain an ownership interest in a business in Australia and have direct and continuous involvement in management of that business
 
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